Archive for June 6th, 2009

Thomas, Scalia report big book earnings in 2008 (AP)

Justice Clarence Thomas took in more than $300,000 in royalties for his autobiography last year, far more than he earned as a member of the Supreme Court. Justice Antonin Scalia received nearly $100,000 for his new book.

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Wall Street ends flat on mixed jobs data (Reuters)

U.S. stocks flip-flopped throughout Friday’s session, with the major indexes ending split as investors paused to consider conflicting signals in monthly U.S. jobs data.

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RI lawmakers debate ideas for easing pension costs (AP)

Rhode Island could raise the minimum retirement age and reduce pension benefits for its state workers to control soaring costs amid a budget crisis, according to options presented Friday to state lawmakers.

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GM to spend $2 billion to facilitate Delphi sale (AP)

General Motors Corp. said Friday it will pay $2 billion to Delphi Corp. to aid in the sale of the automotive parts supplier to a private equity firm, in exchange for equity of a newly restructured Delphi.

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GM to spend $2 billion to facilitate Delphi sale (AP)

General Motors Corp. said Friday it will pay $2 billion to Delphi Corp. to aid in the sale of the automotive parts supplier to a private equity firm, in exchange for equity of a newly restructured Delphi.

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Latin America stocks end week up before rate cuts (AP)

Latin American stocks were mixed on Friday but ended the week up as investors awaited interest rate cuts in the region’s two biggest economies and bet that improving jobs data in the U.S. may help revive demand for local exports.

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Wall Street ends flat on mixed jobs data (Reuters)

U.S. stocks flip-flopped throughout Friday’s session, with the major indexes ending split as investors paused to consider conflicting signals in monthly U.S. jobs data.

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Business Highlights (AP)

With companies in no mood to hire, the unemployment rate jumped to 9.4 percent in May, the highest in more than 25 years. But the pace of layoffs eased, with employers cutting 345,000 jobs, the fewest since September.

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Movers roundup: AK Steel, Harley Davidson (AP)

Shares of AK Steel Holding Corp. jumped Friday, a day after the steel maker announced a $70 per ton customer surcharge for electrical steel products shipped next month.

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Stocks end flat as unemployment rate checks gains (AP)

With unemployment still rising, investors are questioning if stocks should be, too. Stocks ended a volatile day Friday little changed after the government reported a spike in the unemployment rate to 9.4 percent in May, the highest level in more than 25 years, even as the pace of layoffs eased more than expected.

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